Cryptocurrency asset management firm Bitwise announced its second annual donation to Ethereum open-source developers, amounting to $100,000. This donation is part of Bitwise's commitment to allocate 10% of its annual gross profits from its Ethereum spot ETF (ETHW) to support Ethereum network development and improvement initiatives. The funds will be allocated to two nonprofit advocacy organizations: Protocol Guild and PBS Foundation, aimed at supporting research, development, and maintenance of open-source infrastructure for the Ethereum protocol.

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